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Build, flood, rebuild: flood insurance's expensive cycle

David Hunn Ryan Maye Handy James Osborne

December 09, 2017 |

Houston Chronicle |

Multi-Media |

Over 3000 Words

Response Location: United States, Houston, Texas

What was originally conceived of to help protect homes from flooding has instead trapped homeowners in an endless cycle of filing claims and rebuilding their homes. The National Flood Insurance Program was supposed to discourage development in flooding zones and ease the costs after disasters. With lobbying money and power from developers, realtors associations, and others with vested interests, any opportunity to redesign the system through Congress have haven’t gone far.

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